Customers A, B, C and D have their portfolio assets allocated as follows: A B C D
Money Markets 15% 5% 5% 0%
Treasury Bonds 40% 10% 20% 20%
Speculative Bonds 10% 30% 10% 30%
Blue Chip Equities 15% 15% 20% 10%
Small Cap. Equities 10% 10% 30% 5%
Emerging Markets 10% 20% 10% 30%
REITs 0% 10% 5% 5%
Which customer's portfolio is MOST susceptible to a cyclical economic downturn?
A. Customer A
B. Customer B
C. Customer C
D. Customer D

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.